That is true, the stock is being promoted by Red Chip, a promoter with a terrible long-term track record. They own 500,000 shares plus options, they will have no problem dumping all into buyers when they decide the stock has risen enough. QFOR's liquidity is pretty horrible also, they might want cash and dilute holders

The cash came from investors who believed the management lies and participated in the offering. It doesn't mean that NQ OPERATIONS are generating cash, it just means that they conducted an offering and have the cash to show